Alphabet is tapping debt markets once again as artificial intelligence spending reshapes the financing strategies of the world’s biggest technology companies. The Google parent is seeking to raise between $20 billion and $25 billion through its latest US bond offering, Reuters reported, citing a source familiar with the matter. The fundraising comes just weeks after
Figma stock dropped sharply after the company published its earnings report, which showed that its artificial intelligence costs soared. FIG dropped to $22.3, down substantially from this week’s high of $27.80. So, is it safe to buy the dip or sell the rip? Figma published strong earnings, but higher AI costs Figma, a top company
Honeywell Aerospace HONA shares plunged about 20% on Thursday after the newly independent aerospace and defense supplier reported weaker-than-expected second-quarter results and sharply reduced its full-year guidance, raising fresh concerns over execution and supply chain challenges. The company, which completed its separation from Honeywell Technologies in June, reported second-quarter revenue of $4.52 billion, up 5%
Alphabet moved to raise up to $25 billion through a US bond offering as artificial intelligence spending continues to reshape Big Tech financing strategies. Memory stocks came under pressure despite better-than-expected earnings from Western Digital and Sandisk, while gold retreated as rising oil prices revived inflation concerns. Crude oil surged after reports that Iran is
Wall Street ended lower on Thursday as investors paused after this week’s record-setting rally, weighing a fresh round of corporate earnings alongside renewed uncertainty over developments in the Middle East. The Dow Jones Industrial Average dropped 454 points, or 0.83%, while the S&P 500 slipped 0.18%. The Nasdaq Composite edged 0.04% lower as weakness in
The New York Times NYT shares fell more than 12% in trading on Wednesday after the publisher reported slower-than-expected digital subscriber growth for the second quarter and issued a weaker-than-anticipated outlook for digital subscription revenue. The media company added about 280,000 net digital-only subscribers during the quarter, below analysts’ average estimate of 295,300 compiled by
Nvidia stock (NVDA) rose sharply on Wednesday after Elon Musk said SpaceX would build its artificial intelligence infrastructure exclusively around Nvidia’s processors. The stock climbed 4.6% to about $221 in early trading. The gains also came as rival Advanced Micro Devices looked set for a weaker session, with its shares falling more than 5% in
Eli Lilly stock LLY gained 6% on Wednesday after delivering a stronger-than-expected second quarter as robust demand for its blockbuster GLP-1 medicines Mounjaro and Zepbound lifted revenue and profit well above Wall Street expectations. This has prompted the drugmaker to raise its full-year revenue outlook. The company reported adjusted earnings per share of $8.38, comfortably
Broadcom stock has jumped to its highest level since June 4 as investors buy the dip in technology companies. AVGO jumped to $418, up by 17% from its lowest point in July and 45% above the year-to-date low. This article explains why the stock will continue rising and possibly move above the year-to-date high of
World Chain has announced the launch of full block access lists, becoming the first production Layer-2 blockchain network to stream EIP-7928 block access lists within every flashblock. The feature is scheduled to go live on World Chain Mainnet on Aug. 17 and is designed to improve transaction throughput without increasing hardware requirements for validators. According